Bitshares 2.0 is the first truly decentralized exchange which can scale to Visa levels and beyond. It might be possible to use Graphene as the backend for MasterXchange or even to port Safecoin to Metaexchange which will be using the Graphene backend.
Why use another centralized exchange?
Disclosure: luckybit and his family own ? amount of Bitshares
Answer: No, I donât want it because Polo as the sole MAID exchange works fine and has nice liquidity.
I own MAID as well as BTS and others. I donât think Safecoin is going to exchange well unless itâs on some exchange so eventually itâs either going to be on Bitshares 2.0, Ethereum or something else. Why not?
It seems it would be mutually beneficial for speculators. On the other hand if you want to promote SAFEX go ahead but I donât see how people can use SAFEX to buy Safecoin with Bitcoin.
Polo is fine but itâs centralized. It can be confiscated.
By all means persuade BitShares to support Safecoin, no one has anything against that!
You donât seem thrilled about the idea. If the SAFE Network community is against it I will not waste my time pushing for it. Maybe there are other plans?
Otherwise this can be an opening for collaboration. Why compete? Bitshares 2.0 is the best technology for decentralized exchanges and SAFE Network will not be able to out exchange it, but then SAFE Network could be the best technology for decentralized storage, which is usefulâŚ
SAFEX I donât really see it working out so well. It might make sense for people who are already into Safecoin but itâs not going to be for speculators. SAFEX will be for people willing to take the risk of using Safecoin and Safecoin is pretty risky compared to most other technologies.
For people just trying to buy Safecoin or speculate, theyâll probably keep using centralized exchanges or theyâll move to decentralized exchanges. Polo is probably one of the best centralized exchanges, but for decentralized exchanges Bitshares is it.
Centralized exchanges have risks of being hacked, of being shut down. Bitshares will never be shut down or hacked.
I am just a resident heckler and donât represent the community!
I gather that something like bitshares is a parallel network that allows exchanging to happen and sharing of transaction history.
Safe exchange is based on using Safe Network for exchanging digital âassetsâ. So I am structuring to be able to do many things with secured certainty as there are no server owners who can shut down activity.
http://Safex.io is based on not building a parallel exchange network. It is based on building exchange within parameters of Safe Network.
What you link to is a service that is straight forward to implement. If bitshares was motivated to include a bridge for maidsafecoins and later safecoins thatâs great and especially great for bitshares, I think Safe Network will be useful to many people and therefore safecoins as well.
Iâll chime in for what it is worth. I donât own any BTS, but I do like the idea of cooperation. Like to see more members take a look at Luckybits proposal.
That is just it. It would be particularly cool if people could trade Safecoins against Bitcoins within Bitshares. It would of course require a Safecoin gateway which SAFEX would be in a position to provide but the preferred entity for a gateway should be a regulated entity which SAFEX isnât.
It depends. If you can set SAFEX up in such a way that there is a very limited chance of it getting hacked during the process then maybe you could become a gateway, but if itâs a regulated entity like Coinbase or Bitstamp it will be much more trusted.
Folks itâs not that anyone is against cooperation, itâs that âpushingâ like this is useless.
What does someone who posts âI want SAFE on BTS!â have at stake? Nothing.
If anyone wants to see anything happen:
If you do neither, what good do these posts do?
Bitshares 2.0 doesnât work like that. Whoever sets up the service, whoever takes the job, can potentially receive referral income directly from the Bitshares network itself (a percentage of the transaction fees of the users you bring in). Bitshares 2.0 operates like a membership based cooperative.
The referral program provides the incentive for people to make things happen. Iâm not making things happen, Iâm only proposing the people working on SAFEX who could be in a position to make things happen. Iâm a facilitator.
Sooner or later someone from the Bitshares community will end up doing it but I would rather someone from the SAFE Network community do it so they can get the referral rewards. It should preferably by the SAFEX guys actually.
Donât be so shy, youâre in the hall of fame! 
A lot of porting will be done for a lot of systems. Think Counterparty, Ethereum etc. Iâm fine with Poloniex so far. I would thin itâs okay when someone ports Omni to Bitshares, why not? But I donât miss it as this moment.
Okay, to put it bluntly, it takes money and effort to integrate stuff, thatâs what I tried to explain in a roundabout way.
If someone sees the opportunity and is willing to invest either of these two, they would have to take a risk.
If they donât, no amount of community organizing will make him risk his money and/or time.
In the other topic I already pointed out to you that the premise of decentralized SAFE exchange that lowers risk is false.
We also know that the number of transactions (on Polo) that MAID requires is very low.
So compared to Polo, what important advantages that matter does Bitshares offer?
no central point of failureâŚ
Take a look @ their whitepaper itâs pretty advanced stuff⌠I think thereâs definitly a need for collaboration @ big scale in crypto-land to make things easier and more attractive to the mass.
There are at least 10 amazing projects (with coins) currently, so without collaboration or bringing them under one system, things wonât get easier in the long run.
Why do you need SAFE Network though if you are satisfied using CENTRALIZED Poloniex that could gox you one day? Use old school internet. It is cool enough. Except that IP addresses, DNS records and service providers are kind of centralized.
SAFE Network could be used to do the same thing.
Perhaps you missed the part in which a âhighly regulated trusted entityâ such as a Wall St bank stands behind your âdecentralized exchangeâ.
There Will always be a regulated one and another a little less regulated I can imagineâŚ
what is this short little thread, and why tf is it the 3rd most popular thread of all time???